Commercial Advisor
2 weeks ago
Commercial Advisor - West Midlands
We are currently looking for a permanent Commercial Advisor to join an excellent organisation in the West Midlands.
**Salary**: £35,000 - £50,000 + fantastic benefits
Duration: permanent
Office: West Midlands hybrid working - travel into the office 2 - 3 days per week
Main responsibilities of the Commercial Advisor:
- On a day-day basis, the Intellectual Poperty team will work to secure investment and support the exploitation of IP through licensing, spin-out, and joint venture activity.
- Supporting the Director, taking an active role in the development and management of relationships with internal colleagues and external organisations to deliver key metrics.
- Support the management of ideas from concept to commercialisation - working with all individuals in creating new companies, negotiating, and licensing IP
- Establishing appropriate IP protection measures through external lawyers
- Identify opportunities for spin-out companies, write exploitation and business plans, and assist in identifying and obtaining appropriate financing to deliver these plans.
- Maintain systems for dealing with royalty payments and grant income, and take responsibility for sourcing, developing and securing funding
- Development of appropriate licensees, conducting due diligence on prospective licensees, and negotiating the deals which form the basis of the licences to ensure maximum financial returns.
- Support the amendment/improvement of policies with respect to IP commercialisation and enterprise activity to ensure legal compliance
Key skills of the Commercial Advisor:
- Background knowledge directly related to Intellectual Property ( IP) exploitation.
- Knowledge of the different forms of IP / Patent, and experience in customer interaction and license negotiation
- Demonstrable experience of Intellectual property or Patent management
- Experience of securing income and investment
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